Land sold June-16.
Whole amount received Invested in Bank under capital gain scheme.
Withdrawn from bank account and purchased house in March-18 using 85% of whole amount.
Is the balance 15% taxable in FY 17-18.
If tht balance amount is used in improvement of the same house property, will tht be taxable?
1. Yes.(actually on closure of acc)
2. No
CAclubindia
